Harry Potter started a Food business to be known as "Harry Delights". He performed the transactions below during the first month of operations: Match the transactions to its impact on the accounting equation of Harry's Delights. Choices: (a) an increase in assets and a decrease in assets. (b) an increase in assets and an increase in stockholders' equity. an increase in assets and an increase in liabilities. (d) a decrease in assets and a decrease in stockholders' equity. (e) a decrease in assets and a decrease in liabilities. (f) an increase in liabilities and a decrease in stockholders' equity. (g) an increase in stockholders' equity and a decrease in liabilities.

Harry Potter started a Food business to be known as "Harry Delights". He performed the transactions below during the first month of operations: Match the transactions to its impact on the accounting equation of Harry's Delights. Choices: (a) an increase in assets and a decrease in assets. (b) an increase in assets and an increase in stockholders' equity. an increase in assets and an increase in liabilities. (d) a decrease in assets and a decrease in stockholders' equity. (e) a decrease in assets and a decrease in liabilities. (f) an increase in liabilities and a decrease in stockholders' equity. (g) an increase in stockholders' equity and a decrease in liabilities.

Name: 4. Paid P1,000 cash to his payables.5. Bought furniture for P1,500 ca
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Description: 4. Paid P1,000 cash to his payables.5. Bought furniture for P1,500 cash for business use.6. Purchased ingredients from a supplier for P3.000 cash. MATCHING TYPE:Harry Potter started a Food business to be known as "Harry Delights". He performed the t

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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MATCHING TYPE: Harry Potter started a Food business to be known as "Harry Delights". He performed the transactions below during the first month of operations: Match the transactions to its impact on the accounting equation of Harry's Delights. Choices: (a) an increase in assets and a decrease in assets. (b) an increase in assets and an increase in stockholders' equity. (c) an increase in assets and an increase in liabilities. (d) a decrease in assets and a decrease in stockholders' equity. (e) a decrease in assets and a decrease in liabilities. (f) an increase in liabilities and a decrease in stockholders' equity. (g) an increase in stockholders' equity and a decrease in liabilities.
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